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Slouching Towards Utopia (2022) examines the “long century” between 1870 and 2010, during which technological progress, globalization, and the advent of social democracy opened a new horizon of human progress. Barring the horror years of World Wars I and II, humanity seemed to be on a slow, uneven crawl toward utopia. But in 2010, the tables turned. Economic progress in the Global North ground to a halt.

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James Bradford DeLong is a professor of economics at UC Berkeley. Under the Clinton Administration, he was deputy assistant secretary of the US Treasury, working on the federal budget as well as trade agreements such as the Uruguay Round and NAFTA. His previous books include The End of Influence and Concrete Economics.

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The Constitution of Liberty (1960) is a classic of economic philosophy. As one of the seminal texts of modern liberalism, it reminds us of the values of individual freedom, limited government, and universal principles of law. First published in the 1960s, it contends that social progress depends on the free market rather than on socialist planning. This work remains relevant in an age where socialist ideas are gaining new popularity.

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Friedrich A. Hayek was one of the most important economists of the twentieth century and a leading proponent of classical liberalism. In 1974, he won the Nobel Prize for his work on monetary theory in economics. In 1991, he also received the Presidential Medal of Freedom.

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Economic Facts and Fallacies (2008) takes some common assumptions about economics and politics and reveals them as fallacies. It’s only by facing uncomfortable truths, the book argues, that we can begin to solve the problems in front of us.

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Thomas Sowell is a conservative economist, social theorist, and senior fellow at Stanford University’s Hoover Institution. Sowell has taught economics at Cornell, Amherst, and the University of California at Los Angeles, and the history of ideas at Brandeis University. In 2002, he was awarded the National Humanities Medal.

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Capitalism, Socialism and Democracy (1942) is a seminal work of economics. Its ideas have proven prophetic, and remain relevant to this day. It claims that capitalism will ultimately be eroded by the very processes that define it. It also explains the differences between capitalism and socialism and their relationship to democracy, and helps readers understand the role of entrepreneurship and creative destruction in modern capitalism.

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Joseph Schumpeter was one of the most influential political economists of the twentieth century. After briefly serving as the Finance Minister of German-Austria, he emigrated to the US in 1932 and became an economics professor at Harvard. Capitalism, Socialism and Democracy is regarded as his most important and most profound work. It’s the third-most-cited book in the social sciences.

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The Narrow Corridor (2019) weaves together a rich tapestry from disparate parts of history to answer the question: Why do some countries achieve liberty while others do not? From the ancient city of Uruk to Revolutionary America, from 1950s China to modern-day Argentina, it examines the conditions that enable governments and citizens to thrive as one –⁠ and the consequences when this fails to occur.

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Daron Acemoglu is a multi-award-winning economist and an Institute Professor –⁠ the highest title a faculty member can achieve –⁠ at MIT. In 2015, the Research Papers in Economics database named him the most-cited economist of the previous decade. Along with James A. Robinson, he is the coauthor of the best-selling book Why Nations Fail.

James A. Robinson is a political scientist who previously taught at Harvard and now serves as one of nine University Professors at the University of Chicago. His major areas of interest are Africa and Latin America, where he continues to conduct extensive research.

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Noise (2021) is an exploration into the chaotic and costly role that randomness plays in human judgment. By uncovering the mechanisms behind how our minds and societies work, the authors show how noise – unwanted variability in decisions – is both inescapable and elusive. We can, however, with a few solid strategies, make our judgments less noisy and our world fairer.

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Daniel Kahneman is an economist and psychologist and the author of the groundbreaking Thinking, Fast and Slow. Kahneman’s work earned him a Nobel Prize in Economics in 2002 and the Presidential Medal of Freedom in 2013. He’s currently a professor emeritus at Princeton University.

Cass R. Sunstein is a legal scholar and the author and coauthor of several books including Nudge which he coauthored with Richard Thaler. Sunstein served as a top administrator in the Obama White House and is the founder and director of the Program on Behavioral Economics and Public Policy at Harvard University.

Olivier Sibony is a fellow at Oxford University, a former senior partner at McKinsey & Company, and the author of You’re About to Make a Terrible Mistake!

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A Little History of Economics (2017) is a whistle-stop tour of the major questions posed by economists through the centuries, from Aristotle to Thomas Piketty. It examines questions of inequality, selfishness, and the role government should play in economies.

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Niall Kishtainy is a professor at the London School of Economics and the University of Warwick. He believes a study of the history of economics can explain a lot about our modern times, and help us move forward in a better way.

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How to Be an Anticapitalist in the 21st Century (2019) is both a moral critique of capitalism and a pragmatic strategy guide to building an alternative economic system. Drawing from Erik Olin Wright’s four decades of work in sociology, it provides a nuanced account of why democratic socialism is both possible and desirable.

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American sociologist Erik Olin Wright was one of the most prominent and influential thinkers of a school of thought called Analytical Marxism. Along with other Analytical Marxists in the fields of history, economics, and philosophy, he sought to bridge the gap between classical Marxism and modern social science. He taught sociology at the University of Wisconsin–Madison for more than 30 years and was the author of 10 books, including Envisioning Real Utopias and Understanding Class. Wright died in 2019.

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The Economists’ Hour (2019) is a compact history of how economists came to dominate our political discourse. This work traces the rise of neoliberal ideology from the 1960s to today.

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Binyamin Appelbaum is the economics and business lead for the New York Times editorial board. His writing has appeared in the Washington Post, the Boston Globe, and the Charlotte Observer and won him a George Polk Award and Pulitzer Prize nomination.

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Licence to be Bad (2019) explains how in the past 50 years a small handful of economists has drastically changed the way we think about the subject. Ideas including game theory, public choice theory, and free-riding have worked their way into our minds and our discourse, apparently permitting us to behave badly.

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Jonathan Aldred is a fellow at Emmanuel College, University of Cambridge, where he teaches economics and land economy. His first book, The Skeptical Economist, was published in 2009 and examines the ethics that lie behind economics.

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Evil Geniuses (2020) describes the rise of the economic right after the 1960s and the consequences of their policies today. From Milton Friedman to Ronald Reagan, it looks at the significance of some of the right’s central figures while also sketching a broader narrative that explains how the US has ended up as it has today.

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Kurt Andersen is a journalist, novelist, and radio host. He’s the author of Fantasyland: How America Went Haywire: A 500-Year History, which was a New York Times best seller. He’s also the author of the critically acclaimed novels True Believers, Heyday, and Turn of the Century.

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Private Government (2017) boldly asserts a provocative thesis: most modern companies are run more like communist dictatorships than the “free enterprises” their often libertarian-minded owners, managers, and defenders believe them to be. Drawing on a wide range of ideas, facts, and data from economics, political philosophy, and history, Private Government backs this thesis up with a strong, compelling argument that’s well worth reckoning with.

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Elizabeth Anderson is a professor of philosophy and women’s studies at the University of Michigan. Her research encompasses a broad range of topics within political philosophy, ethics, and feminist theory, including egalitarianism, democracy, and market society. Her previous books include Value in Ethics and Economics and The Imperative of Integration, which won the American Philosophical Association's 2011 Joseph B. Gittler Award, for providing “an outstanding scholarly contribution in the field of the philosophy of one or more of the social sciences.”

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For a New Liberty (1973) is a classic work that lays out the foundational principles of libertarianism. It refutes the necessity of a central State and argues against government involvement in all areas of life, from education to the police. The result is a scathing critique of the inefficiency, overreach, and moral crimes of the State.

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Murray Rothbard was a political theorist, professor, economist of the Austrian school, and one of the founding fathers of modern anarcho-capitalism – a synthesis of classical liberalism and individualist anarchism. He was active in the Libertarian Party in the 1970s and ’80s and cofounded the Cato Institute, a libertarian think tank. His other major works include America’s Great Depression, The Ethics of Liberty, and Man, Economy, and State.

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Narrative Economics (2019) describes how popular narratives influence the way economies behave. From Bitcoin’s sudden rise to stock-market crashes, Narrative Economics looks beyond the statistics to the collective human stories that drive these events.

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Robert J. Shiller is a Nobel Prize-winning economist and the author of the New York Times best-seller Irrational Exuberance, among many other titles. He is Sterling Professor of Economics at Yale University and a frequent contributor to the New York Times.

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Talking to My Daughter About the Economy (2018) is a lucid and accessible account of our current economic system. This engaging primer explains what economics is, what it does, and why it became such a force in our everyday lives.

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Yanis Varoufakis is a world-renowned economist and political activist. He holds a Phd in economics from the University of Essex but is best known for founding the left-wing party Syriza and serving as Greece’s Minister of Finance.

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The New Confessions of an Economic Hit Man (2016) is an insider’s account of imperialism in the modern age. Drawing on the author’s experiences of working behind the scenes to further America’s interests, it sheds light on how the United States uses debt to manipulate and control smaller nations. Twelve years after its first publication in 2004, enough had changed to warrant a second look at how a new generation of Economic Hit Men have been peddling influence abroad – and at home.

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John Perkins was the chief economist at Chas T. Main, a consultancy that advised clients like the World Bank and the US Treasury. After quitting in 1980, he wrote the first draft of what would eventually become Confessions of an Economic Hit Man – a tell-all memoir of the years he spent working as an “Economic Hit Man” in the pay of the American empire.

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The AI Economy tackles the most pressing economic questions surrounding the rise of Artificial Intelligence. How will the development and spread of smart machines’ age affect our jobs, wages and work hours? How will it impact investment, interest rates and inequality? Acclaimed economist Roger Bootle applies his knowledge of history, technology and macroeconomics to investigate how the fourth industrial revolution will transform the global economy.

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Roger Bootle is a British economist and columnist for The Daily Telegraph. He founded the macroeconomic research consultancy Capital Economics and has written multiple influential economy books, among them The Death of Inflation (1998) and The Trouble with Europe (2014).

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The Future of Capitalism (2018) offers a candid analysis of capitalism that calls for a return to communitarian ethics to mend rifts between families, communities and nations. Diagnosing the failings of modern liberalism, Paul Collier proposes the reintroduction into economic thinking of ethical concerns. He also suggests pragmatic policies that might forge a capitalism that works for everyone.

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Paul Collier is a world-renowned economist and author of the award-winning The Bottom Billion (2007). Formerly director of development research at the World Bank, Collier is professor of economics and director of the Center for the Study of African Economies at Oxford University.

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Capitalism and Freedom (1962) is one of the most influential discussions of the relationship between economic and political freedom to have ever been put to paper. Written at the height of the Cold War between Soviet socialism and Western capitalism, Milton Friedman argues that only free markets can guarantee liberty. His theory remains every bit as relevant and thought-provoking today as when it was first published.

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Milton Friedman (1912-2006) studied mathematics and economics at Rutgers University during the Great Depression before taking up a position at the University of Chicago in 1946. Over the following three decades, he established himself as one of the world’s most vocal champions of the free market. His work was a major influence on Margaret Thatcher and Ronald Reagan’s governments. Friedman won the Nobel Memorial Prize in 1976 and is regarded as one of the most important economists of the twentieth century.

","buyOnAmazonUrl":"/en/books-purchase/capitalism-and-freedom-en","author":"Milton Friedman","truncatedAuthor":"Milton Friedman","sourceAuthor":"Milton Friedman","url":"https://www.blinkist.com/en/books/capitalism-and-freedom-en","browseUrl":"/en/app/books/capitalism-and-freedom-en","previewUrl":"/en/books/capitalism-and-freedom-en","readUrl":"https://www.blinkist.com/en/nc/reader/capitalism-and-freedom-en","playUrl":"https://www.blinkist.com/en/nc/reader/capitalism-and-freedom-en?play=1","readingDuration":19,"minutesToRead":19,"publishedAt":"2019-06-21T00:00:00.000+00:00","isAudio":true,"readCount":"14.2k","image":{"default":{"src":"https://images.blinkist.io/images/books/5d09f8b76cee070007e3d139/1_1/470.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5d09f8b76cee070007e3d139/1_1/640.jpg"}},"sources":[{"media":"xs","src":"https://images.blinkist.io/images/books/5d09f8b76cee070007e3d139/1_1/470.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5d09f8b76cee070007e3d139/1_1/640.jpg"}},{"media":"s","src":"https://images.blinkist.io/images/books/5d09f8b76cee070007e3d139/1_1/640.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5d09f8b76cee070007e3d139/1_1/1080.jpg"}},{"media":"m","src":"https://images.blinkist.io/images/books/5d09f8b76cee070007e3d139/1_1/250.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5d09f8b76cee070007e3d139/1_1/470.jpg"}}]},"audioUrl":null,"chaptersLength":7,"hasAudio":true,"language":"en","freeDaily":null,"isFree":false,"category":{"title":"Economics","sprite":"economics","slug":"economics-en"},"averageRating":4.3,"totalRatings":405,"categories":[{"id":"50efb867e4b0746ff368a308","url":"/en/content/categories/economics-en","sprite":"economics","slug":"economics-en","title":"Economics","subtitle":"Financial markets, big pharma, and bank robbers—oh my! Get the scoop on what’s up with the economy."},{"id":"5b868335b238e100074cc4f8","url":"/en/content/categories/philosophy-en","sprite":"philosophy","slug":"philosophy-en","title":"Philosophy","subtitle":"Want to learn about life, death and everything in between from the wisest who have ever lived? Turn to these sage philosophers for answers to all your burning questions."}]},{"id":"5c1124576cee07000793582c","kind":"book","slug":"socialism-en","title":"Socialism","subtitle":"A Very Short Introduction","subtitleHtmlSafe":"A Very Short Introduction","aboutTheBook":"

Socialism (2005) is a dash through the history of the term after which the book is named. Socialism has played an important role over the past 200 years of human history, but its original goal of achieving an egalitarian society has, in recent decades, been somewhat forgotten. This book is a thorough tour of socialism’s history. It’s also an exploration of the various ways the word has been implemented and a guide to ways we might use it in the future.

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Michael Newman is a professor of politics at London Metropolitan University. His other books include Ralph Miliband and the Politics of the New Left and Democracy, Sovereignty and the European Union.

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